Ripple CEO talks about the impact of Coronavirus on the company

Ripple has asked its employees to work remotely to reduce the spread of coronavirus.
CEO Brad Garlinghouse said that they’re “doing everything they can” to ensure cross-border payments at this crucial time.

Brad Garlinghouse, the CEO of Ripple, has said that the company considers the health of its employees as a priority and so, they’re asked to work remotely to reduce the spread of COVID-19. However, the company continues to serve its customers during this crucial time.

The CEO tweeted:

Like many businesses, @Ripple's highest priority is the wellbeing of team @Ripple. As COVID-19 developed over the past several months, the global team has transitioned to remote work, in efforts to stay safe while continuing to support our customers. (1/3). -@bgarlinghouse

Garlinghouse noted that Ripple is “doing everything they can” to let users make international payments to their family and loved ones. He continued:

In this unprecedented new reality, it’s critical that we not forget those who are in need. We @Ripple are doing all we can for our customers around the globe to ensure individuals can continue to send money home to loved ones in a time they need it most. (2/3) -@bgarlinghouse

Recently, Ripple was recognized as one of the leaders in the cross-border payment industry. Garglinghouse also said that the global economy is in “uncharted waters” because of the outbreak of Coronavirus disease. Nevertheless, he believes that the markets will eventually recover.

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.